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Top Team Investments completed the following transactions during 2024: (Click the icon to view the transactions.) Requirements 1. Journalize Top Team's transactions. Explanations are not
Top Team Investments completed the following transactions during 2024: (Click the icon to view the transactions.) Requirements 1. Journalize Top Team's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Top Team's 45% Naradon investment for the year ended December 31, 2024. Dec. 31 Equity Investments-Naradon Current Assets: Revenue from Investments Top Team Investments Balance Sheet (Partial) December 31, 2024 Requirement 2. Classify and prepare partial financial statements for Top Team's 45% Naradon investment for the year ended December 31, 2024. Begin by showing the account and amount of any assets that would appear on Top Team's balance sheet as it relates to the Naradon investment at December 31, 2024. (If a box is not used in the financial statement, leave the box empty; do not select a label or enter a zero.) Equity Investments-Naradon (equity method) Long-term Assets: Stockholders' Equity Accumulated Other Comprehensive Income: 67,500 101454 ... 67,500
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